[45] In this role she was in charge of 33,000 staff and reporting on how the budget of the European Union is spent to the European Parliament, the council and the European Court of Auditors. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face.

In this role she oversaw around 60% of lending operations of the World Bank Group. A Caribbean crystal ball: What can experience from Caribbean islands tell us about investing in climate resilience? [50], Georgieva has also been the architect of many reforms with the bank. [13] In 2016, Georgieva was honored with the Devex Power with Purpose award for her work in global development. Within months of taking her new position and amid skepticism about the European Union and its budget of around $159 billion reaching new heights, Georgieva was able to negotiate a several-billion-dollar budget increase for 2014.[46]. Following this initial baptism of fire, Georgieva has ensured EU's response in a number of crises and disasters that struck the world in 2010, including the earthquake in Chile and the floods in Pakistan. [43] Her candidacy had been uncertain because of political infighting in Bulgaria. Her hobbies include travelling, guitar playing, dancing and cooking exotic dishes. In this role she oversaw around 60% of lending operations of the World Bank Group. She was applauded by committee members when she told British Conservative MEP Nirj Deva that she would stand up for the interests of the EU and be an independent mind. [63] Past recipients include the Honorable Michael Bloomberg, mayor, New York City; Timothy Geithner, chairman, Federal Reserve Bank of New York; Jean-Claude Trichet, president of the European Central Bank; Kevin Rudd, prime minister, Australia; Sheila C. Bair, chairman, Federal Deposit Insurance Corporation, and Anne-Marie Slaughter, dean, Woodrow Wilson School of Public and International Affairs, Princeton University, among others. [49] This was achieved ahead of time in October 2018. In 2004, Georgieva was made Director for the Russian Federation, based in Moscow. Kristalina Georgieva was born in Sofia, Bulgaria, in 1953. [64], Georgieva is married and has one child. This work is expected to pave the way for future legislative proposals. The need to improve the effectiveness of EU actions and for better response capacity had also been stressed, together with the establishment of European Voluntary Humanitarian Corps. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. This target was exceeded each year for the last three consecutive years. Deeply knowledgeable on international development and finance, Georgieva is broadly recognized for her ability to build broad consensus and turn strategies into practice. [11] On 29 September 2019 Georgieva was named the next managing director of the International Monetary Fund. Some bankers, however, are still able to make a killing in the industry, and bank CEOs can still earn as much as £20 million ($26.2 million) a year in salaries, bonuses, and stock awards. Global data and statistics, research and publications, and topics in poverty and development. 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Secretary General", "Kristalina Georgieva Appointed Chief Executive Officer of IBRD/IDA", "IMF names Kristalina Georgieva as new head", Bulgaria's Georgieva Wins 'EU Commissioner of the Year' Award by EV, "Kristalina Georgieva: The 100 Most Influential People of 2020", Kristalina Georgieva: a tenacious talent to lead the IMF, "Кристалина Георгиева би могла да се пребори и за по-престижен ресор", "Kristalina Georgieva – Globetrotting economist", "The World Bank – News – Kristalina Georgieva", Secretary-General Appoints High-Level Panel on Humanitarian Financing, "World Bank appoints Kristalina Georgieva as vice president", "Barroso Welcomes New Bulgarian EU Commissioner-Designate Georgieva", "MEPs quiz new Bulgarian candidate Kristalina Georgieva", "Bulgaria's nominee well-received by MEPs", "Коментари за изслушването на Кристалина Георгиева като кандидат-комисар – Портал ЕВРОПА", "Meet the first CEO of the World Bank: She’s made the bank the strongest it’s ever been financially", "EUROPA – PRESS RELEASES – Press release – Visit of Commissioner Georgieva to Chile", "EU aid commissioner Kristalina Georgieva visits flood-hit Pakistan – Bulgaria abroad", "Fighting Hunger in Sahel (Article by EU Commissioner Kristalina Georgieva*) – Novinite.com – Sofia News Agency", "Thomson Reuters Foundation | News, Information and Connections for Action", "EUROPA – PRESS RELEASES – Press release – Commissioner Kristalina Georgieva to meet with Kyrgyz authorities and beneficiaries of EU humanitarian assistance", "Hungary accident: European team of five experts to start working on the ground on Monday", Serbia Appeals for Worldwide Assistance After Deadly Floods, "European Union helps reshape international assistance at the World Humanitarian Summit", EU heavyweights advise Bulgaria to nominate Georgieva for Ashton's job, Bulgarian commissioner nominated for EU foreign policy post, "World Bank Group Shareholders Endorse Transformative Capital Package", "Speech by World Bank CEO Kristalina Georgieva at World Assembly for Women", "A Conversation on Financial Inclusion With World Bank CEO Kristalina Georgieva", "The World Bank's new CEO Kristalina Georgieva lays out her vision for an agile bank", World Economic Forum 2019 Annual Meeting launching a new Humanitarian Investing Initiative, Appointment of the Members of the Appointment Advisory Committee, "The Global Commission on Adaptation seeks to accelerate adaptation action and support.
Georgieva also put aside discreet resources to fund staff teams working on the development of new innovative instruments and solutions, particularly those that boost private sector engagement and mobilize commercial financing or focus on developing results and outcome-based instruments. Georgieva looked at how each she could foster a bank that promotes collaboration across its institutions and draws in more private sector finance. She was thus the most senior technocrat in the Juncker Commission, the only one of the seven vice-presidents never to have served as a national minister. Before you leave, we’d love to get your feedback on your experience while you were here. As CEO for the International Bank for Reconstruction and Development and the International Development Association since January 2017, Georgieva has built support across the international community to mobilize resources for poor and middle-income countries and to create better opportunities for the world’s most vulnerable people. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The Bulgarian government then proposed Kristalina Georgieva as their new candidate.

Unsurprisingly, JPMorgan CEO Jamie Dimon came first in the CEOWORLD … Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org. The World Bank Group works in every major area of development. Before joining the European Commission, Georgieva had a successful tenure at the World Bank, starting in 1993 as an Environmental Economist, and eventually becoming Director for Environment and Social Development for the East Asia and Pacific Region and then Director in charge of environmental strategy, policies and lending. Over the duration of its Climate Action Plan, the Bank Group has delivered over $83 billion in climate finance. [22], She held a range of academic and consulting positions in Bulgaria and the US, and has lectured on development topics in universities, including the Australian National University, Massachusetts Institute of Technology, Tsinghua University, Yale University, Harvard University, London School of Economics, the University of the South Pacific and others. From 2007 to 2008, she was Director for Sustainable Development in charge of policy and lending operations in infrastructure, urban development, agriculture, environment and social development, including support to fragile and conflict-affected countries. Kristalina Georgieva is the former Chief Executive Officer of the World Bank. [15], Georgieva was born in Sofia into a family of bureaucrats. Environmental and Social Policies for Projects, World Bank Group/World Bank Corporate Scorecard, The World Bank Group and the International Monetary Fund (IMF), Multilateral Investment Guarantee Agency (pdf), International Centre for Settlement of Investment Disputes (ICSID), Managing Director and World Bank Group Chief Financial Officer, Managing Director and World Bank Group Chief Administrative Officer, Managing Director, Development Policy and Partnerships, Vice President and WBG Chief Economist, DEC, Senior Vice President and World Bank Group General Counsel (LEGVP), Vice President, Budget, Performance Review, and Strategic Planning, Vice President, Eastern and Southern Africa, Vice President, Western and Central Africa, Vice President, Latin America and Caribbean, Vice President, Middle East and North Africa, World Bank Group Vice President, Information and Technology Solutions, and WBG Chief Information Officer, Acting Vice President, Equitable Growth, Finance, and Institutions, Director General, Independent Evaluation Group, Vice President and World Bank Group Controller, Vice President, World Bank Group Human Resources, Vice President and Auditor-General, Internal Audit, Vice President, World Bank Group External and Corporate Relations, Vice President, Operations Policy and Country Services, Vice President and World Bank Group Chief Risk Officer, Vice President, Compliance Advisor/Ombudsman, Vice President, Latin America and the Caribbean, and Europe and Central Asia, Chief Executive Officer, IFC Asset Management Company, Vice President, Partnerships, Communications, and Outreach, Vice President, Risk and Financial Sustainability, Vice President, Economics and Private Sector Development, Vice President, Corporate Strategy and Resources, Vice President and Chief Operating Officer, Vice President and Chief Risk, Legal and Administrative Officer, Director and General Counsel, Legal Affairs and Claims, Associate Director & Chief Underwriter, Operations. She was the only nominee for the job and is the first person from an emerging country to hold this office.[12]. In this role Georgieva tripled funding for the refugee crisis in Europe. which is open until 31 October of each year. Will you take two minutes to complete a brief survey that will help us to improve our website? At the World Bank and the European Commission, she has driven progress on gender balance, pushing toward a target of 40 percent women in management by 2019 at the European Commission, and achieving parity in senior management at the World Bank. She assumed her new role as Managing Director of the IMF on October 1, 2019. Read More She was the Chief Executive of the World Bank Group from 2017 to 2019 and served as Acting President of the World Bank Group from 1 February 2019 to 8 April 2019 following the resignation of Jim Yong Kim. From 2008-2010, she was Vice President and Corporate Secretary, serving as the interlocutor between the World Bank Group’s senior management, its Board of Directors, and its shareholder countries.
Georgieva was appointed the first chief executive officer for the International Bank for Reconstruction and Development and the International Development Association on 28 October 2016 and started in the role on 2 January 2017. [28], Georgieva was given a warm response by MEPs, with Labour MEP Michael Cashman praising her "honesty and deep breadth of knowledge". Georgieva has built a reputation as a gender equality champion, humanitarian, and leader in the global fight against climate change. [48] Georgieva is widely recognised as playing a key role in securing this increase, the largest funding increase in the bank's history. [39], Amid the Southeast Europe floods in May 2014, Georgieva coordinated post-disaster assistance and helped prepare Serbia's request for aid of as much as 1 billion euros ($1.4 billion) a year.[40]. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. [25], In January 2010, Georgieva announced her intention to resign from this post in view of her nomination to the Commission of the European Union. She holds a Ph.D in Economic Science and a M.A. She was the Chief Executive of the World Bank Group from 2017 to 2019 and served as Acting President of the World Bank Group from 1 February 2019 to 8 April 2019 following the resignation of Jim Yong Kim. [32], Georgieva committed the bank to gender equality within its own ranks by setting the target for women to occupy 50 percent of senior management positions at the World Bank by 2020. [47], On 21 April 2018 it was announced the World Bank shareholders endorsed an ambitious package of measures that include a $13 billion paid-in capital increase, a series of internal reforms, and a set of policy measures that greatly strengthen the global poverty fighting institution's ability to scale up resources and deliver on its mission in areas of the world that need the most assistance. Georgieva started her career at the World Bank Group in 1993 as an environmental economist for Europe and Central Asia. [9] In the same vote, António Guterres got the support of the Security Council for the post of UN Secretary-General. [7] On 27 September 2016, the Bulgarian government nominated Kristalina Georgieva for the post of United Nations Secretary-General.